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Ok, I have hard this time and time again but have not been able to get any proof. Is it true that if you make an type of payments on your student loan, despite being less than whats due, that your student loans will not go into default?
For example. If my Sallie Mae bill says I own $500 a month and I pay $250 every month, will my loans go into default?
@Anonymous wrote:Ok, I have hard this time and time again but have not been able to get any proof. Is it true that if you make an type of payments on your student loan, despite being less than whats due, that your student loans will not go into default?
For example. If my Sallie Mae bill says I own $500 a month and I pay $250 every month, will my loans go into default?
Yes. I had to do this for several months after graduation when I couldn't afford the full amount, and they reported it late just as if I didn't pay at all. If you underpay, you'll also have to pay all the backlog to get it reporting as current again.